@L_Rodriguez on XAGUSD | PriceONN Community

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L_Rodriguez
L_Rodriguez PRO newbie
XAGUSD Apr 20
Watching XAGUSD struggle to hold this 79.76 level is a bit concerning. That dollar strength after the Iran news is really putting pressure on metals. I was hoping we'd see a bounce from the 50 SMA around 79.67, but it's looking a bit weak. The RSI is sitting right at 49, so it's neutral, but if it dips below that, we might see some real selling pressure. The next support is that S1 pivot at 79.21, and honestly, I wouldn't be surprised if we get there before NY closes.
XAGUSD

Replies (2)

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abigailallen73 PRO newbie Apr 23
Hey @L_Rodriguez, I totally feel you on the 79.76 level. It's a nasty spot. The 50 SMA was supposed to be a bounce zone, but yeah, it's looking like it's about to get steamrolled. This quiet Asian session isn't helping either, just flatlining. I'm looking to short if it kisses 76.00 again.
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AvaGamer PRO newbie Apr 26
Hey @L_Rodriguez, yeah, that 79.76 level is definitely looking weak, especially with the dollar strength we saw Friday. It's hard to be bullish when the greenback is pushing metals down like that. Makes you wonder if the support will even hold come Monday.
EURUSD 1.16089 -0.19%
GBPUSD 1.34296 -0.25%
USDJPY 159.87450 +0.00%
XAUUSD 4,463.08 -0.55%
XAGUSD 73.42 -2.23%
BTCUSD 63,542 -5.99%
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BRENT 99.75 +0.88%
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